COMMUNITY IMPROVEMENT CORPORATION MEETING
Tuesday, September 20, 2011 at 7:30AM
Evendale Municipal Building, 10500 Reading Road, Evendale, Ohio
Attendees: Hugh McKinnon, Dave Harwood, Chris Schaefer, Carolyn Smiley-Robertson, Bob Szczur, Al Pearlman, Stiney Vonderhaar, Chris Patterson and Jack Cameron.
Recurring Business:
1. Approval of Minutes from July 19, 2011 Meeting (1st Harwood, 2nd Schaefer – 6 aye, 0 nae, Smiley-Robertson not present for vote).
2. Economic Development update.
a. Kinetic vision – Council revised the EZ agreement at the last Council meeting to reflect the change in job numbers and payroll. The owner, Rick Schweet, included his salary and job in the agreement numbers. Council approved this amendment at the September 2nd meeting. Also, kinetic vision is going to appear at Planning Commission tonight to request a lot split. The lot split is necessary to create a lot next to their current location that they can control for future growth.
b. GE Aviation continues to be very active. GE has pulled about 50 building permits this year and our tax revenue continues to evidence this increased activity. The Joint Strike Fighter engine is still a possibility. GE has agreed to self fund the development and the discussion currently awaits the Senate to advance the idea.
c. Scherzinger Pest Control owns the former Rural Metro building on Medallion Drive and will move their operation there. They have approximately 72 FTEs and will be moving from Red Bank Road and I 71.
d. Evendale Commons has two potential deals; one in the large retail location and one in the office area. No further details are available for public consumption.
New Business:
1. Bob Szczur – Zoning Code Revision update
Bob gave an update about the Zoning Code Revision process. Specific talking points are attached to these minutes. CIC decided that they were best suited to offer feedback on the bigger picture discussion, such as, the zoning map and changes to it. CIC also would like to be part of the distribution list and receive the summary from each chapter as it is completed.
Old Business:
1. Business Ready Evendale Strategy action item update including; zoning code revision status, website, etc.
a. Jack briefly explained that the website is being updated and due to a ‘coder’ leaving the website provider, the process has taken longer than expected. This problem should be rectified in the next two weeks and changes complete shortly thereafter.
2. Village Landing – Jack noted that recent activity has included a few calls each month but nothing of great interest.
3. Village Crossings – Al. Neyer and the Evendale Medical Center have continued to meet and are working on scenarios for projected use needs for EMC. Al. Neyer has come to the Village with preliminary thoughts about possible involvement of the Village. This could look like a loan to Al. Neyer with some property at Village Crossings as collateral. The idea is that Al. Neyer could reduce their debt burden on the main center and allow them greater patience in developing the site more in line with the Village’s long term plans. The CIC felt that any involvement by the Village needed to focus on the expansion and needs of the Evendale Medical Center. Jack will keep the group advised as discussion continues.
Other:
1. Chris Schaefer discussed a recent request by Anchor Properties which asked the Village to consider paying down the outstanding debt with funds accumulated in the TIF Fund. The TIF fund is in place to collect property tax payments at Evendale Commons from the TIF placed over the development. The fund is to be used to pay the Princeton School portion and debt repayment. The Village is able to collect interest on the fund balance, although a small interest rate in the present banking climate. Since a bond cannot be issued with current revenue levels the only payments made currently are for Princeton and interest on the outstanding debt balance. Anchor’s request would allow Anchor to lower the cost of issuing their letter of credit to secure the debt obligation while awaiting
revenue to grow high enough to issue a bond. The CIC members agreed with Chris’ Council Committee, that nothing is gained by the Village in using those funds to lower the debt amount in the near term.
Discussion Items for Next Meeting
Date of Next Meeting and Adjournment (1st Pearlman, 2nd Szczur – 7 aye, 0 nae).
Next Meeting Tuesday, October 18, 2011 at 7:30am.
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